Half Year 2025 Wienerberger AG Earnings Call Transcript
Key Points
- Wienerberger AG (WBRBY) reported a 6% increase in turnover for the first half of 2025, demonstrating the resilience of its business model.
- The company's profit after tax improved to over EUR100 million, with earnings per share rising to approximately EUR1.
- Wienerberger AG (WBRBY) successfully integrated recent acquisitions, such as Terreal in France and a competitor in Ireland, contributing positively to its operations.
- The infrastructure segment, particularly in the UK and Ireland, showed strong performance, with significant improvements in the pipes business.
- The roofing business in Western Europe, especially in France, performed well, contributing to a robust EBITDA margin of 16.3% despite cost inflation pressures.
- The North American market faced challenges with high mortgage rates and adverse weather conditions, leading to a decline in new residential housing activity.
- Germany and Austria experienced weak performance in the new residential housing sector, affecting Wienerberger AG (WBRBY)'s volumes and prices.
- Cost inflation, particularly in energy and personnel expenses, was higher than expected, impacting the company's operating EBITDA.
- The company's free cash flow was negative at EUR51 million for the first half of 2025, reflecting typical seasonality and higher working capital requirements.
- The US dollar's weakness contributed to a negative currency effect on EBITDA, with expectations of a higher negative impact for the full year.
Gentlemen, welcome to the Wienerberger conference called half year 2025 results. I'm Surgen, the Chorus Call operator.
I would like to remind you that all participants will be in listen-only mode and the conference being recorded. The presentation will be followed by a question-and-answer session. (Operator Instructions)
At this time, it's my pleasure to hand over to Therese Jandér. Please go ahead.
© -
Thank you very much. Good morning, everyone, and warm welcome to the Wienerberger's half year 2025 results update. Thank you for taking the time to join us today. My name is Therese Jandér, and I'm pleased to be hosting this call today from London, and I'm joined here by Mr. Heimo Scheuch, our CEO; and our CFO, Dagmer Steinert. We will begin with a brief presentation of the key developments and the financials for the first half year and afterwards we will open the line for questions. So with that, let me hand over to Mr. Scheuch.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
